KCE, TH0122010R10

KCE stock gets a bullish 3Q26 profit forecast from Krungsri

Published on 10/07/2026 at 04:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

KCE stock gets a THB 495 million 3Q26 profit forecast from Krungsri on October 6, 2026. Fintel places the mean target at THB 71.49.

KCE, TH0122010R10, Illustration mit AI erstellt.

KCE stock (ISIN TH0122010R10) gets a fresh earnings test from Krungsri Securities, which projects normalized 3Q26 profit of THB 495 million. The forecast implies growth of 66 percent year over year and 119 percent quarter over quarter, according to Kaohoon International on October 6, 2026.

Krungsri sees a sharp profit rebound

The brokerage expects KCE revenue to rise 15 percent quarter over quarter in 3Q26, supported by its printed circuit board business, which accounts for 85 percent of revenue. Sales volume is projected to increase 8 percent quarter over quarter, while a 9 percent price increase contributes to a projected 19 percent year over year revenue gain, according to Kaohoon International.

Krungsri also maintains a Buy rating and a THB 97.00 target price for KCE. Its forecast calls for normalized earnings growth of 77 percent in fiscal year 2026 and 82 percent in fiscal year 2027, with a further 7 percent price increase anticipated in October 2026, according to Kaohoon International.

Analyst targets show a wider spread

Fintel reported on October 2, 2026, that the average one-year analyst target had risen to THB 71.49 from THB 59.16 on September 11, 2026, a 20.85 percent increase. The target range extended from THB 53.53 to THB 109.20, while the median target stood at THB 67.32, according to Fintel. The same consensus included 14 recommendations on September 1, 2026, with 11 positive ratings and three holds.

The latest reported quarter provides the operating base for that outlook. Fintel lists actual 2Q26 EPS of THB 0.23 against a THB 0.197 estimate, a 16.75 percent positive surprise, while revenue reached THB 3,574,503,000 against a THB 3,393,600,000 estimate, a 5.33 percent surprise, according to Fintel. The Thai SEC lists consolidated KCE second-quarter financial statements for the period ended June 30, 2026, in its filing database.

PCB margin is the next checkpoint

Krungsri forecasts a 3Q26 gross margin of 25 percent, compared with 18.9 percent in 2Q26 and 21 percent in 3Q25. That margin expansion, rather than volume alone, is central to the earnings case because the brokerage also expects higher selling, general and administrative expenses.

KCE manufactures and distributes printed circuit boards under the KCE trademark, with products serving automotive and other electronics markets, according to KCE Electronics. The company identifies copper costs as a condition for further price increases, while Krungsri flags typical fourth-quarter seasonality as a counter-factor.

Profit forecast sets the stock checkpoint

KCE stock now carries a dated 3Q26 earnings benchmark of THB 495 million and a gross-margin forecast of 25 percent. The gap between the THB 53.53 low and THB 109.20 high in the analyst range shows how widely the recovery path is being valued.